Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0315%/8h= −34.4% APRpaid last 24h −0.092%

Price spread now: Orderly against GMX+0.096%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.096% dearer against GMX than usual: you sell high and buy low (spread +0.096% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CRV/USD [ETH-USDC]	0.3586	L +0.0415% / S −0.0177%	pay 0.0052% / 1h	17m 33s	$209K	—	100x
Short	Orderly PERP_CRV_USDC	0.3589	0.0100	get 0.0100% / 8h	2h 17m	$24K	$902	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee OrderlybpOrdersPrice spread, now +0.096%Rate

Funding earned: −$66.06
Price spread: +0.096% → 0.000%: $9.65
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$74.41
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

GMX and Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CRV on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack CRV_USDC_PERP	−0.0053%	1h	0.3589	+0.099%	$94K	$261K	10x	as long as short
Reya CRVRUSDPERP	−0.0048%	1h	0.3588	+0.067%	$15	—	15x	as long as short
Deribit CRV_USDC-PERPETUAL	−0.0029%	1h	0.3589	+0.096%	$54K	$45K	25x	as long as short
dYdX CRV-USD	0.0000%	1h	0.3588	+0.079%	$37K	$8K	10x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+2.356%	$79	$384K	12x	as long as short
Phoenix CRV	+0.0045%	1h	0.3562	−0.665%	$25K	$177K	10x	as long as short
Variational Omni CRV	+0.0083%	8h	0.3569	−0.465%	$1.1M	$95K	—	as long as short
Lighter CRV	+0.0096%	1h	0.3587	+0.032%	$381K	$704K	10x	as long as short
Hyperliquid CRV	+0.0100%	1h	0.3590	+0.130%	$20.8M	$16.2M	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3590	+0.124%	$113K	$193K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRV	+0.0100%	1h	0.3588	+0.074%	$364K	$198K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3589	+0.101%	$24.8M	$56.4M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3585	−0.015%	$27.0M	$19.0M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3589	+0.096%	$8.7M	$20.3M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3590	+0.124%	$1.9M	$1.4M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3589	+0.096%	$12.7M	$5.6M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3589	+0.096%	$6.0M	$8.3M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3591	+0.152%	$6.7M	$5.3M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3588	+0.069%	—	$23.5M	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3573	−0.354%	$37K	$174K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3590	+0.124%	$508K	$445K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3584	−0.043%	$53K	$682K	50x	as long as short
Orderly PERP_CRV_USDCshort	+0.0100%	8h	0.3589	+0.096%	$24K	$902	10x
SunX CRV-USDT	+0.0100%	8h	0.3668	+2.300%	$1K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3589	+0.084%	$253K	$494K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3588	+0.080%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3585	−0.015%	$1.3M	$3.9M	75x	as long as short
GMX CRV/USD [ETH-USDC]long	L +0.0415% / S −0.0177%	1h	0.3586	long leg	$209K	—	100x
Coinbase International CRV-PERP-INTX	+0.0432%	1h	0.3592	+0.180%	$360K	$4.2M	50x	as long as short
Kraken Futures PF_CRVUSD	+0.0677%	1h	0.3593	+0.216%	$3.0M	$2.6M	50x	as long as short